Oh and it turns out the Speedaire from the top of the thread is still available for $300.
So if you come across a bigger motor (and tank as well), or find a 60-gallon tank with either a bad pump or motor on it, you could swap this pump onto it and spin it at 900 with a 3HP motor. Or just use as-is for now while you continue to look.
OK I found a tutorial for adjusting the pilot unloader valve and was able to set it to 110 off 90 on without much issue. The fact that tank pressure is dropping while the unloader is tripped indicates a bad check valve at the tank right?